Thanks for joining our call today to discuss the Nemetschek Group's acquisition of HCSS that we announced yesterday night. With me today are our CEO, Yves Padries; and our CFO, Louise Ofverstrom.

Ladies and gentlemen, welcome to the Nemetschek Earnings Call for the Financial Year 2025. I'm Moritz, your Chorus Call operator. [Operator Instructions] The conference is being recorded. [Operator ...

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